Your power bill could rise by 14 per cent over the next two years.

Nova Scotia Power has reached a settlement with customers on new rates and details of of the deal were included in a release posted by Nova Scotia Power on Thursday evening.

The company met with the following groups in meetings about how to move forward with rates.

• Consumer Advocate
• Ecology Action Centre
• Small Business Advocate
• Industrial Group
• Dalhousie University
• Affordable Energy Coalition
• Municipal Electric Utilities (Berwick, Riverport, Town of Mahone Bay, Town of Lunenburg, Town of Antigonish)

The break-down will see increases of 6.9 per cent in 2023 and 6.9 per cent in 2024. However, it is yet to be seen what we will pay for higher fuel down the road as Russia’s war in Ukraine, shortages in diesel fuel and inflation have sent prices for fuel soaring.

The settlement still needs approval from the province’s utilities regulator.